Should We Still Be Looking At SP Setia Berhad?

On 29 October 2018, SP Setia Berhad is crowned as the top property developer in Malaysia. Indeed, it is an amazing feat considering that S P Setia Bhd is winning the top spot of The Edge Malaysia Top Property Developers Award (TPDA) for a third consecutive time this year.

Is that good news to its shareholders?

Not really, I suppose. Its stock price has fell to its 5-Year Low since 2014. Today, S P Setia Bhd is trading at RM 2.09 a share, almost a 50% dip from its highest of RM 4.00 at the end-2017.

Source: Google Finance

Like always, the question is: ‘Should we dismiss S P Setia Bhd as an investment or do we view this as an opportunity to grab some of its shares?’

To me, I believe the answer lies in its fundamental strength and its current plan to grow in the …